Study: Offshore Suppliers Test Reshoring’s Benefits

Although the trend toward offshoring is believed to be driven by one factor—labor costs—there are dozens of other factors that impact the effectiveness of an offshore manufacturing strategy. One, of course, is the location of the end-customer. Another is the location of suppliers. Recent research suggests that efforts toward reshoring – i.e., bringing manufacturing back…

Could IoT Uplift 2016?

The industry’s next white knight has taken many forms, though none has proven as resilient as PC-refresh cycles. Great expectations now rest with the Internet of Things (IoT), which the electronics industry hopes will build into a crescendo of “Things” that will provide demand for components, networking infrastructure, and so forth. This scenario, of course,…

Manufacturing Index Hits 3-Year Low

The nation’s manufacturing industry in November contracted for the first time in 36 months, dragged down by declines in production, new orders and raw materials inventory.  The Institute for Supply Management‘s PMI—an index of U.S. purchasing managers – fell to 48.6 percent, a decrease of 1.5 percentage points from the October reading of 50.1 percent.…

Cisco: Digital Transformation to Drive Profit Upside

San Jose, Calif. – Cisco (NASDAQ: CSCO) — Eighty-six percent of manufacturers view the transition from product-centric to service-oriented revenue models as a core part of their growth strategies. However, only 29 percent believe that services will grow faster than the product aspect of their business. A new Cisco study of 625 senior manufacturing decision makers across 13…

Six Trends Impacting the Manufacturing Supply Chain

Accounting for approximately 17 percent of GDP and 14 percent of employment globally, the manufacturing sector is the engine of global trade – 70 percent of the entire global trade volume stems from manufacturing companies. Against this background, supply chain concepts need to be regionalized, interconnected, more resilient and sustainable as well as more agile…

U.S. Manufacturing: Mixed Bag in October

The trifecta of a strong dollar, low oil prices and concerns about China continued to dog the U.S. manufacturing market in October. The domestic industry’s leading index, the Institute for Supply Management’s PMI, moved uncomfortably close to 50 — the dividing line between growth and contraction. The PMI in October measured 50.1 percent, down from…

U.S. Manufacturing Slides For Third Straight Month

The nation’s leading production index fell for the third consecutive month in September, reflecting ongoing uncertainty across manufacturing industries about the global economy. The Institute for Supply Management’s PMI declined to 50.2 percent in September, its lowest point since December of 2012. The PMI is hovering just above the point of contraction: a reading above…

Daimler, Renault-Nissan Break Ground on JV Plant in Mexico

Aguascalientes, Mexico — Aguascalientes plant to build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti Production of Infiniti vehicles to begin in 2017 Production of Mercedes-Benz vehicles to begin in 2018 Daimler and the Renault-Nissan Alliance today broke ground for their joint-venture manufacturing complex, COMPAS (Cooperation Manufacturing Plant Aguascalientes), in Aguascalientes in central Mexico, which will build…

Conflict Minerals Ruling Ignites Compliance Confusion

Electronics manufacturers and component suppliers seeking guidance from authorities following a recent court ruling striking down a portion of the Conflict Minerals Rule will have to wait a while longer. While an industry organization representing suppliers and distributors believes the ruling may have eliminated the need for compliance with the legislation, some lawyers are advising…